I am interested, Please add me too

Company came out with flattish results, their non-automotive business was very soft and is expected to be soft in Q2. Company appears very bullish on new product development front, with them getting into electromechanical actuators which have 8-10x value of normal cables. They also gave detailed disclosures around order book. Concall notes below.

FY24Q1

• Domestic: After-market cable division was flat, demand from 2-W has not recovered. 2-W EV market is slow due to FAME subsidy reduction. Passenger vehicle has shown good growth
• Non-automotive business saw decline due to lower demand. This will persist next quarter, hoping for recovery in H2FY24
• Secured order wins in cables and electromechanical actuators. These actuators have much higher value addition (8-10x value of a normal cable)
• Supply 1.5 mn+ actuators to major passenger vehicles. Starting supplying 2 actuators to a leading 2-W EV company in India, one for steering lock and another for seat opening actuator
• Seeing traction in actuator business in 4-W, from tier-1 seating manufacturers, who are looking at them as local suppliers
• Trifa winding down may impact sales temporarily, as existing customers need to be migrated to Luxlite. Also incurring some wind down charges
• Have introduced LED in India and in global market through Luxlite. Confident to deliver double digit margin in PLD division
• Couple of European suppliers are going out of business in lamps, they have started buying from Suprajit
• Other products apart from Digital clusters and actuators: braking-related systems
• Electronic division is seeing very good customer traction, won orders from India’s top EV 2-W. Content per vehicle is much higher in EVs. Confident of reaching 100-150 cr. with current order book
• Confident of double digit margin in Electronic division
• China: have identified a new location, hired a new general manager. Relocation should be done by January 2024
• Apart from Hilex, Suprajit is the only global cable maker to offer solutions and diverse capabilities, including global manufacturing footprint
• Engineering capabilities: Capable of supporting customers from conceptualization to commercialization in a very short lead time
• Maintain double digit growth for control division despite slow Q1

Disclosure: Not invested (no transactions in last-30 days)

I think this can help, listing can be happen anywhere in between Aug end to mid sept 23.

I don’t find it as a red flag. That’s why continued buying even after his statement at 250 levels. It could also be a loose talk from the chairman. He could have chosen not to answer because the question itself is unusual one for a earnings conference call. He might have thought that he conservatively told minimum 300/share but unfortunately it creates panic among retail investors. But intrinsic value is 400/share. Thats for sure. Sold half of my holdings today.